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Mailbag: Borrowers in Desperate Straits
At Higher Ed Watch, we have long opposed the idea of the government bailing out private lenders who have engaged in predatory private student loan practices. Our view, as we have said before, is that...
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Guest Post: “Holding” Lenders Responsible for Ripped-Off Students
By Deanne Loonin For years, lenders fought and clawed to get into the largely unregulated world of predatory private student lending. During this time, a particularly unholy alliance developed between...
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A “Key” Victory for Students
It appears that KeyBank's predatory private student loan practices are finally catching up with the company. Late last month, the bank settled a lawsuit filed by 51 former students from TAB Express...
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Mailbag: Getting the Runaround from Sallie Mae
As the student loan industry mobilizes to battle the Obama administration over the President's plan to eliminate the Federal Family Education Loan (FFEL) program, we are starting to hear a lot from...
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Guest Post: Five Steps the Government Can Take to Help Private Loan Borrowers
[Editor's Note: The National Consumer Law Center is releasing a report today asking the Obama administration and Congress to provide relief for financially distressed private loan borrowers. In this...
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Skyrocketing Private Loan Debt at Trade Schools
We have long been concerned that for-profit colleges and trade schools have been aggressively pushing financially needy students to take on high-cost private student loan debt to help cover their...
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In the Dark on Student Loan Borrowing
As we wrote yesterday, newly released data by the U.S. Department of Education's National Center for Education Statistics provides disturbing news about the growth of private student loan borrowing,...
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Mixed Signals from Congress Lead to Misguided Proposals on Private Loans
By Ben Miller and Stephen Burd The Federal Reserve Board has proposed regulations that could significantly weaken a federal law that aims to protect students from being misled into taking out high cost...
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The Growing Student Debt Crisis at Career Colleges
Is there a looming student debt crisis at our nation's for-profit colleges and trade schools? The latest data from the U.S. Department of Education's National Center for Education Statistics (NCES)...
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The Perverse Consequences of a Bankrupt Policy
(Editors Note: Today we are running an abridged version of testimony that three major higher education associations have submitted to the U.S. House Judiciary Committee's Subcommittee on Commercial and...
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